The challenges of managing a business can seem endless.
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What Are The Benefits Of Outsourced Bookkeeping?

The challenges of managing a business can seem endless. This is true whether you run a start-up company in its infancy or a small to mid-size company that is continuing to grow and innovate. To help clients, prospects and others understand the advantages of using an outsourced accounting provider, GBQ has provided a summary of its most compelling benefits.

Lessons Learned In Security Contract Review

Many companies today are obligating their downstream vendors and suppliers contractually for security controls, compliance and/or service level agreements related to security and privacy activities. When we conduct an information risk assessment or security assessment, GBQ IT Services can conduct a detailed contract review. Here are some lessons learned from those contracts we have reviewed so far in 2018.

New Unrelated Business Income Rules May Raise Costs For Nonprofits

The Tax Cuts and Jobs Act delivered significant changes to organizations nationwide, including nonprofits. Among those were changes to how unrelated business income is calculated and taxed. What is unrelated business income (UBI)?

Foreign Partner Sales Of Partnership Interest

Not only does the Tax Cuts and Jobs Act impact U.S. residents and citizens, but also affects foreign partners and companies doing business in the U.S. In particular, when foreign partners sell their interest in a U.S. partnership, there are now clear U.S. tax consequences to be settled.

Families With College Students May Save Tax On Their 2017 Returns With One Of These Breaks

The recently passed Bipartisan Budget Act of 2018 included an extension of the tuition and fees deduction. But that may not be the best higher-education break to claim on your 2017 return.

Tax Cuts and Jobs Act Temporarily Lowers Medical Expense Deduction Threshold

The new tax law makes it easier to claim the medical expense deduction on your 2017 tax return. It provides planning opportunities for 2018, too.

For-Profit Vs. Not-For-Profit: Compare And Contrast Financial Reporting Goals

How do the financial reporting rules differ for nonprofit and for-profit entities? And, more important, how are the requirements alike?

Fixed Vs. Variable Costs: How To Compute Breakeven

Breakeven point is a helpful management tool. To calculate breakeven, you just need your income statement, a simple formula and an understanding of how it works.

Use Benchmarking To Swim With The Big Fish

Today’s business world is a vast ecosystem of information and competition. Benchmarking can help your company swim with the big fish without getting gobbled up.

Turning Employee Ideas Into Profitable Results

There may be a great way to boost profitability bubbling in the mind of one of your employees. But you’ll never know it’s there without an effective process for discovering your staff members’ bottom-line-building ideas.

Follow IRS Rules To Ensure You Receive Your Charitable Tax Deductions

Did you make donations last year as part of your estate plan? If you fail to properly adhere to IRS rules when claiming them on your 2017 return, the IRS could deny your charitable deductions.

Only Certain Trusts Can Own S Corporation Stock

S corporation stock can be owned by a trust, but the number of trust types is limited. Learn about four trusts that are eligible.

 

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